Costain Group PLC Re Contract (6054L)
2012年9月6日 - 3:00PM
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RNS Number : 6054L
Costain Group PLC
06 September 2012
Costain Group PLC
("Costain" or "the Group")
Costain Appointed to GBP288m Magnox Framework Contract
Magnox has awarded a framework contract worth around GBP288
million for the delivery of construction, infrastructure and
maintenance projects across all 10 sites which are operated by
Magnox on behalf of the Nuclear Decommissioning Authority.
The framework is worth approximately GBP30m per annum for up to
ten years: an initial five years with the option to extend for a
further five years by mutual agreement amongst the parties. Costain
is one of two companies on the framework.
The project work which Costain will deliver includes: the
design, construction and maintenance of permanent buildings and
structures, infrastructure maintenance and extension works
incorporating construction, civil engineering structures and ground
works projects.
This framework contract builds on the work Costain is already
carrying out for Magnox. In June 2011 the Group announced that, as
part of a joint venture with AMEC and Jacobs Engineering Group Inc,
it had been included on a framework to retrieve and process both
wet and solid intermediate level radioactive waste across all the
Magnox sites in the UK.
Andrew Wyllie, Chief Executive of Costain, commented:
"Construction, infrastructure and maintenance will form a major
part of the work to deliver Magnox sites into a state of care and
maintenance. Inclusion on this framework is testament to our
growing reputation for providing specialised engineering solutions
to customers and industry sectors which have highly complex
requirements.
"The contract award also demonstrates the ongoing success of the
implementation of our 'Choosing Costain' strategy: providing a
broader service offering to blue chip customers who are making
significant investment in the UK's national infrastructure
needs."
6 September 2012
ENQUIRIES:
Costain Group PLC Tel: 01628 842 444
Graham Read, Communications Director
College Hill Tel: 020 7457 2020
Mark Garraway
Helen Tarbet
This information is provided by RNS
The company news service from the London Stock Exchange
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